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| | | ... investment officer said he was drawn to the excitement of private credit and a start up plus super enthusiastic founders. This is not Casey's first start-up. In 2004, he set up Alturus Asset Management, an alternative investment management firm ... |
| | | | ... annual general meeting today, managing director Mick O'Brien reiterated that Equity Trustees Superannuation Limited does not consider itself responsible for the losses incurred by members who invested in the First Guardian Master Fund (FGMF) or Shield ... |
| | | | ... that those that are operating without a valid licence should prepare to "substantiate and justify" why the digital asset are not a regulated financial product. To provide transitional support ahead of the reform, ASIC commissioner Alan Kirkland said ... |
| | | | ... Crown Wealth Group, was officially banned on October 23 for two years. ASIC believes Rodwell, who hails from Newcastle, is not adequately trained or competent to perform functions in, or control, a financial services business after failing to adequately ... |
| | | | ... scenario testing involving both complete failures and 'degraded mode' operations. These need to be routine and broadly-visible - not 'once and done'," Smith said. "Auditors should look for scenario design that includes multi-entity, multi-vendor failures ... |
| | | | ... retirement reform blueprint, which is based on retiree income statistics. Findings indicated around 700,000 Australians over 65 not engaged in full-time work have super in low-earning savings accounts, reducing their disposable income in retirement. ... |
| | | | ... stability, physical health, emotional wellbeing, and social connectivity. "A longer life should be something to look forward to, not fear. We have an opportunity to create the conditions for people to not only live longer, but to also feel more financially ... |
| | | | ... segment. On average, MySuper fees fell by 0.07% per annum to 0.87%, marking the seventh consecutive year of fee reduction. Not-for-profit MySuper products recorded an 8% drop in total expense ratio (TER) to 0.85% per annum, while retail MySuper products ... |
| | | | ... out on $5.7 billion in super in 2022-23, losing an average $1730 each a year. SMC, however, noted that the government has not included previously proposed consumer protections on super fund advertising on employee onboarding platforms, reminding that ... |
| | | | ... deteriorate quite markedly. We always thought it would drift up a bit, maybe it's drifted up a bit further than we thought but it's not a huge amount out. So, I think we just have to wait. We just have to wait for a bit more data." |
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